Form 4: Allstate Executive Suren Gupta Reports Share Transactions

Suren Gupta, President of Enterprise Solutions at Allstate, reports acquisition and disposal of company stock related to a performance stock award.

Summary

• On February 17, 2025, Suren Gupta, President, Enterprise Solutions at Allstate, reported transactions involving Allstate common stock.
• Gupta acquired 5,326 shares upon conversion of a 2022 performance stock award under the 2019 Equity Incentive Plan.
• Simultaneously, 1,586 shares were withheld to cover tax obligations related to the award conversion at a price of $187.63 per share.
• Following these transactions, Gupta directly owns 93,318 shares of Allstate common stock.
• Gupta also indirectly owns 1,311 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of shares through the performance stock award conversion suggests that performance targets were met.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in publicly traded companies, ensuring transparency in stock transactions.
• Similar filings are made by executives at comparable companies like State Farm, Progressive, and Geico, whenever they trade shares in their respective companies (if publicly traded) or related entities.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates

Keywords

Allstate, Suren Gupta, Form 4, Stock transaction, Performance stock award, Equity Incentive Plan, Beneficial ownership